Given below are two statements:
Statement I: Universities recognized as Institute of Eminence (IoE) are exempted from Government approvals for seeking academic collaborations with any foreign higher education institution.
Statement II: Universities with the status of IoE have complete Academic/Administrative/ Financial autonomy.
In the light of the above statements, Choose the correct answer from the options given below:

Correct option is D

Statement I is false, but Statement II is true. While universities recognized as Institutes of Eminence (IoE) do have autonomy, they are not fully exempt from all government approvals for foreign collaborations. There are certain criteria and guidelines that still need to be followed for such collaborations. 

Statement II is true as IoE universities do enjoy complete academic, administrative, and financial autonomy, allowing them to make decisions freely without government intervention.

Information Booster:

1. IoEs must follow specific guidelines when establishing foreign collaborations, though they have a higher degree of freedom than other institutions.
2. IoEs can independently decide on academic programs, set admission criteria, and recruit faculty, both domestic and international.
3. Financial autonomy allows them to generate funds through different means like endowments, alumni contributions, etc.
4. The IoE scheme aims to raise Indian universities to global standards, providing them with flexibility to innovate in curriculum and research.